Rules

Sec. 2116.104. RULES. The comptroller shall adopt rules as necessary or convenient to implement and administer this subchapter, including rules to: (1) provide for the security of transactions in gold and silver specie and gold and silver currency and related information; (2) determine the value of the gold and silver currency described by Section 2116.102 at the time of a transaction or in a commercially reasonable manner; (3) establish a fee that is reasonable and necessary to administer this subchapter; (4) authorize and approve vendors, including financial institutions, to provide an electronic system described by Section 2116.102; and (5) adopt policies and procedures to prevent: (A) fraud; and (B) transactions in gold and silver specie or gold and silver currency involving a foreign adversary, or a person associated with a foreign adversary, as determined under 15 C.F.R. Section 791.4. Added by Acts 2025, 89th Leg., R.S., Ch. 1176 (H.B. 1056), Sec. 1, eff. May 1, 2027.